QInvest, Qatar's leading investment bank, has bought a 30.5% stake in Al Nakheel Agriculture and Trading Company and AG Middle East LLC, The Peninsula Qatar reported. Al Nakheel and Al Nakheel specialise in the provision of landscaping and related maintenance services to governmental, corporate and industrial customers. Among Al Nakheel's projects are the Pearl Qatar, the Museum of Islamic Art Parks, Qatar Education City Convention Center, Barwa City, Dahlak Island Resort - Eritrea and Sidra Medical Research Canter. AG Middle East has developed Doha 2006 Asian Games Village Hard & Soft Landscaping Works, Doha Golf Course, Ritz Carlton Hotel and the West Bay Lagoon Landscaping Works. |
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more